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Feb 7, 2013 4:00am PST
the 787s. reports say boeing is working on a new battery design. defense contractors want a budget deal out of washington. ceos from top defense companies, including pratt & whitney, met with president obama yesterday to talk about the effects severe budget cuts could have on their industry. lawmakers have until march 1st to compromise on a budget. without it, $1.2 trillion in automatic cuts in goverment spending take effect. half is from millitary spending. reports say defense companies are already delaying orders and hiring due to the threat of sequestration. president obama has nominated a business insider to run the department of the interior. sally jewell, ceo of the successful outdoor equipment company rei, has been nominated for the position. jewell is also a former banker and has worked as an official in the oil industry. she took over rei in 2005, and, if confirmed, will take her knowledge of the outdoors to the interior department. "the secretary of the interior is in charge of overseeing 500 million acres of public land in places like yellowstone and the grand canyon, and pro
Feb 5, 2013 4:00am PST
for the stock. the company's ceo has been on the defensive since herbalife was labeled a pyramid scheme last month. now comes word that the vitamin and nutritional supplements company is the focus of "pending law enforcement action." that's according to the new york post, which obtained documents through the freedom of information act. herbalife's stock fell more than 6% yesterday, then bounced back. clorox turned in healthy profits due to the flu outbreak, and that leads off our look at earnings news. shares of clorox hit a new all-time high after the company reported a 17% jump in profits. clorox is also lifting its sales projections as consumers scoop up cleaning products and disinfectant wipes. investors abandoned ship on shares of royal carribean. the cruise line had a 4th quarter loss and lowered its forecast. royal carribean claims some of its business was hurt by the carnaval shipwreck last year. airfare could soar higher this year, which has many people asking when is the best time to get the best deal? jen waters of has the answer. good morning to you jen, and what
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